Shenton Homes, the homebuilding division of Shenton Group (“Shenton”), has completed the purchase of No. 1 Chepstow Street in Manchester City Centre from McDonald’s Restaurants.
The 20,000 sq. ft. space occupies a prominent location at the junction of Chepstow Street, Oxford Street and Portland Street, and currently houses a 24hr McDonald’s.
The building was formerly tenanted by The Picture House cinema, and is the last of the four Edwardian cinemas built at this junction.
Shenton will deliver a sensitive restoration of the historic building, bringing forward a low-rise residential scheme on its three upper floors. The existing façade will be retained, and the McDonald’s restaurant will remain open.
Colin Shenton, Shenton Homes CEO, said: “Although this building isn’t listed and is not in a conservation area, we’re keen that our works on No. 1 Chepstow Street be sensitive, and respectful to its storied history.
“With over 30 years’ experience of creating high-quality, design-led schemes, we’re excited to acquire another prime city centre location for our next residential project. We look forward to revealing more details in due course.”